You are here: Home » News & events » Tax News

Tax News

From time to time, we produce information for clients on a number of topical and important issues, some of which can be found below:

Autumn Budget 2017 - November 22, 2017
thumb image

When Chancellor Philip Hammond stepped up to the despatch box, he would have been acutely aware of the pressure he was under. Some 24 hours before the Chancellor was due to open his famous red box, the Office for National Statistics (ONS) confirmed a wider deficit than anticipated for October. Ahead of the Budget, business … Continue reading Autumn Budget 2017


HMRC to implement changes to how it is paid - November 17, 2017
thumb image

HM Revenue & Customs (HMRC) is to change the way that taxpayers and their agents can make payments. From 15 December 2017 and 13 January 2018, the pay at the post office service will be withdrawn and HMRC will no longer accept payment by personal credit card. However, the Revenue has confirmed that taxpayers will … Continue reading HMRC to implement changes to how it is paid


OECD calls on UK to increase tax on self-employed - November 17, 2017
thumb image

A report from the Organisation for Economic Co-operation and Development (OECD) has called on the UK Government to revive its plans to increase National Insurance Contributions (NICs) for the self-employed. Earlier this year, during the Spring Budget, the Chancellor of the Exchequer, Philip Hammond, announced that the Government would seek to abolish Class 2 NICs … Continue reading OECD calls on UK to increase tax on self-employed


The future of company vehicles - November 17, 2017
thumb image

The UK Government has pledged that by 2040 all new cars sold will need to be either electric or some form of plug-in hybrid. However, before this deadline was even announced many within the motor industry believed that by 2025 as many as one in three cars will incorporate an electric power plant. Much of … Continue reading The future of company vehicles


Over-50s cutting back on essentials to leave inheritance - November 17, 2017
thumb image

According to new data from Populus, nearly half of people aged over 50 are willing to forgo luxuries in later life to leave a larger inheritance for their children. The study, commissioned by Saga Money, also found that 80 per cent of over 50s intended to pass some form of inheritance on to their children. … Continue reading Over-50s cutting back on essentials to leave inheritance


Cricket club stumped by VAT dispute - October 17, 2017
thumb image

An Oxfordshire cricket club has been left having to stump up a hefty tax bill after losing a VAT dispute. Despite the common misconception that charitable organisations are exempt from VAT, Eynsham Cricket Club was forced to pay 20 per cent VAT in respect of works to construct its new pavilion. A ruling by a … Continue reading Cricket club stumped by VAT dispute


Students could be entitled to a tax refund as they head back to university - October 17, 2017
thumb image

Students who have been heading back to university in recent weeks could be entitled to a helpful tax refund, according to HM Revenue & Customs (HMRC). Those who worked through their summer holidays may have been taxed through PAYE, as if they were earning at that level year-round, but it is unlikely that their earnings … Continue reading Students could be entitled to a tax refund as they head back to university


Dividend Tax changes set to hit small business owners and investors - October 17, 2017
thumb image

Changes to the Dividend Tax regime, which will see the existing tax-free allowance fall from £5,000 to £2,000 from April next year, are set to hit small business owners and investors. The changes currently being considered by MPs as part of the Finance Bill 2017-19 had been delayed when what is now the Finance Act … Continue reading Dividend Tax changes set to hit small business owners and investors


Moore Thompson’s free property tax video clears up confusion for buy-to-let landlords - September 25, 2017
thumb image

In recent years, the UK’s property tax framework has been growing increasingly complex and confusing, thanks to recent changes made to the likes of mortgage interest tax relief, Stamp Duty Land Tax (SDLT) and more. Budding investors and portfolio landlords looking to expand their operations have a lot to keep up with if they want … Continue reading Moore Thompson’s free property tax video clears up confusion for buy-to-let landlords


HMRC dynamic coding causes issues for taxpayers - September 25, 2017
thumb image

From July this year, HM Revenue & Customs (HMRC) has been utilising its new system of dynamic coding, which allows for in-year adjustments (IYAs) of a person’s tax code. Under the new regime, codes can be adjusted by the Revenue to reflect sudden changes in an employee’s circumstances as soon as HMRC becomes aware of … Continue reading HMRC dynamic coding causes issues for taxpayers


© Copyright Moore Thompson. All rights reserved. | Terms & conditions | Privacy policy | Sitemap
Moore Thompson is registered to carry on audit work in the UK and Ireland by the Institute of Chartered Accountants in England and Wales.
Accountants in Spalding | Wisbech | Market Deeping | Lincolnshire | Cambridgeshire | Peterborough